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Value Of Dublin's Marker Residences Apartment Block Increases To €72.3m

Published on Feb 26 2019 11:45 AM in General Industry tagged: Trending Posts / Marker Residences

Value Of Dublin's Marker Residences Apartment Block Increases To €72.3m

Upmarket Dublin apartment block the Marker Residences has been revalued at €72.3 million almost half a decade after being sold for €50.1 million in 2014.

The group that owns the block, Ires Reit, recorded the increase in value after the property was revalued by estate agent CBRE, according to Ires Reit's 2018 results and as reported by The Sunday Times.

Rental Rate

The 85 apartments, which were developed and sold by Marker Hotel owners Brehon Capital Partners and Midwest Holding, have an average monthly rental rate of €2,771.

© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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